Laurentian Bank offering the Income ActionGIC, a product with a guaranteed minimum return and the potential for high yields

    MONTREAL, Jan. 30 /CNW Telbec/ - Laurentian Bank is presently offering
investors the Income ActionGIC(i), a product that is particularly well adapted
to the current economic context. The Income ActionGIC is different from
conventional GICs because, while the capital invested is fully secured, it
nevertheless offers the potential for yielding a higher return.

    Key Characteristics

    The Income ActionGIC is an investment vehicle whose return is based on
the performance of the Standard & Poors/TSX 60 index(ii), which groups leading
Canadian companies active in various sectors of the nation's economy. The
Income ActionGIC offers a guaranteed minimum return of 8% over a five-tear
term. It is especially well suited to investors seeking to take advantage of
growth potential in the Canadian stock market while enjoying the assurances of
protected capital and a guaranteed minimum return.
    In sum, Laurentian Bank's Income ActionGIC constitutes a secure
investment instrument affording the possibility of gaining superior returns.
Eligible for RRSPs, RRIFs and TFSAs, the product is available as of today at
all Laurentian Bank branches and online at

    About Laurentian Bank

    Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services. Distinguishing
itself through excellence in service, as well as through its accessibility,
the Bank serves individual consumers and small and medium-sized businesses.
The Bank offers its products to a wide network of independent financial
advisors through B2B Trust, as well as full-service brokerage solutions
through Laurentian Bank Securities.
    With 156 branches and 342 automated banking machines, Laurentian Bank of
Canada is well established in the Province of Quebec, operating the
third-largest branch network. Elsewhere throughout Canada, it operates in
specific market segments where it holds an enviable position. Laurentian Bank
of Canada has more than $19 billion in balance sheet assets. Founded in 1846,
the Bank employs nearly 3,400 people.

    (i)  The ultimate rate of return of a Laurentian Bank Income ActionGIC
         is calculated based on the performance of the benchmark index
         between the issue date (March 6th, 2009) and the benchmark index
         average five days before the maturity date as at the following
         dates: February 27, 2014; January 27, 2014; December 27, 2013.
         Because the rate of return will depend on the performance of the
         benchmark index comprised of securities, any variation in the
         benchmark index will have a direct influence on the interest
         payable. If the ultimate return is negative or nil, the investment
         is fully guaranteed and returned at maturity along with the
         guaranteed minimum return. If the ultimate return is positive, the
         principal and guaranteed minimum return (paid out as interest), as
         well as the accrued interest above the guaranteed minimum return is
         paid only at maturity, since the result is not known until that

    (ii) "Standard & Poor's(R)" and "S&P(R)" are trademarks of The
         McGraw-Hill Companies Inc. "TSX" is a trademark of the Toronto
         Stock Exchange. The Laurentian Bank and B2B Trust obtained a
         license for use of these trademarks. The products are not sponsored,
         endorsed, sold or promoted by Standard & Poor's or the Toronto Stock
         Exchange. None of those parties makes any claim, guarantee or
         stipulation regarding the opportunity of investing in the product.
         Details on this investment product are available at Laurentian Bank
         branches. Enquire with an advisor.

For further information:

For further information: Mary-Claude Tardif, Public Relations Advisor,
(514) 284-4500, extension 4695,

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Laurentian Bank of Canada

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